Divestiture • Manufacturing

George Industries Acquires Numerical Precision

On January 17, 2018, George Industries acquired manufacturer Numerical Precision from QCC

Acquisition Context
  • This is George Industries’ 1st transaction in the Manufacturing sector.
  • This is George Industries’ 1st transaction in the United States.
  • This is George Industries’ 1st transaction in Illinois.

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M&A Deal Summary

Date January 17, 2018
Target Numerical Precision
Sector Manufacturing
Buyer(s) George Industries
Sellers(s) QCC
Deal Type Divestiture

Target Company

Numerical Precision

Wheeling, Illinois, United States
Numerical Precision is a manufacturer of close-tolerance, high-reliability components for satellites, aircraft and defense programs. Core engineering and machining capabilities include extreme tolerance, complex geometry and exotic material machining, EDM and assembly. Numerical Precision is based in Wheeling, Illinois.
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Buyer Overview 1

Buyer

George Industries

Endicott, New York, United States

Category Company
Founded 1954
Sector Manufacturing
DESCRIPTION

George Industries is a designer, developer, and manufacturer of mission-critical engineered components for the aerospace, defense, transportation, and industrial sectors. Core manufacturing capabilities include dip brazing, vacuum brazing, CNC machining, fabricating, welding, painting, artwork, photography, silk screening, laser cutting and mechanical assembly. George Industries was founded in 1954 and is based in Endicott, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1

Seller Profile 1

SELLER

QCC

Harwood Heights, Illinois, United States

Category Company
Founded 1951
Sector Manufacturing
DESCRIPTION

QCC is a manufacturing services provider specializing in the manufacture, assembly, and testing of complete products and assemblies, as well as precision-machined components for aerospace, diesel fuel systems, medical, defense, and fluid power applications. QCC was founded in 1951 and is based in Harwood Heights, Illinois.


Deal Context for Seller #
Overall 2 of 2
Sector: Manufacturing 2 of 2
Type: Divestiture 2 of 2
State: Illinois 2 of 2
Country: United States 2 of 2
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Qualiseal Technology

Harwood Heights, Illinois, United States

Qualiseal Technology, Inc. is a provider of custom-engineered mechanical face and circumferential seals for demanding aerospace and industrial applications. Qualiseal expands Technetics Group’s presence in the aerospace market and complements its growing mechanical seals product line.

Sell -